Zacks: Brokerages Expect Ranger Energy Services Inc (NYSE:RNGR) to Post -$0.09 EPS
Brokerages expect that Ranger Energy Services Inc (NYSE:RNGR) will announce earnings per share (EPS) of ($0.09) for the current quarter, according to Zacks. Two analysts have made estimates for Ranger Energy Services’ earnings, with estimates ranging from ($0.09) to ($0.08). The firm is scheduled to report its next quarterly earnings report after the market closes on Thursday, February 27th.
According to Zacks, analysts expect that Ranger Energy Services will report full year earnings of $0.29 per share for the current year, with EPS estimates ranging from $0.22 to $0.35. For the next fiscal year, analysts expect that the company will post earnings of $0.21 per share, with EPS estimates ranging from $0.14 to $0.35. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ranger Energy Services.
Several equities research analysts have recently issued reports on RNGR shares. Credit Suisse Group upgraded shares of Ranger Energy Services from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $7.00 to $8.00 in a report on Tuesday, December 3rd. ValuEngine upgraded shares of Ranger Energy Services from a “strong sell” rating to a “sell” rating in a report on Monday, December 30th. Barclays set a $7.00 target price on shares of Ranger Energy Services and gave the stock a “buy” rating in a report on Friday, October 25th. Zacks Investment Research upgraded shares of Ranger Energy Services from a “strong sell” rating to a “buy” rating and set a $7.25 target price for the company in a report on Thursday, January 2nd. Finally, B. Riley restated a “buy” rating and issued a $9.00 target price on shares of Ranger Energy Services in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Ranger Energy Services presently has an average rating of “Buy” and an average price target of $8.05.
Shares of Ranger Energy Services stock traded down $0.16 during trading on Friday, hitting $6.84. The stock had a trading volume of 3,085 shares, compared to its average volume of 15,409. The firm’s fifty day simple moving average is $7.05 and its 200-day simple moving average is $6.53. The stock has a market cap of $109.49 million, a PE ratio of 18.49 and a beta of 3.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.12. Ranger Energy Services has a 12 month low of $4.77 and a 12 month high of $8.76.
Ranger Energy Services Company Profile
Ranger Energy Services, Inc provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The company offers well completion support services, such as milling out composite plugs used during hydraulic fracturing, wireline, and snubbing services; workover services, including retrieval and replacement of existing production tubing; well maintenance services comprising replacement of downhole artificial lift components; and decommissioning services consisting of plugging and abandonment services.
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